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<h1>New tax rules for income from venture capital investments: Direct investment treatment and reporting requirements detailed in Schedule V.</h1> The statutory provisions address the taxation of income from venture capital undertakings. Income received or accrued from investments in a venture capital company or fund is taxed as if the investor had invested directly in the venture capital undertaking. The responsible entity must provide a statement detailing the income's nature and other relevant information. Income is treated as having the same nature and proportion as received by the venture capital entity. If income is not paid or credited, it is deemed credited on the last day of the tax year. Certain provisions do not apply to specified investment funds, and definitions are provided in Schedule V.